Re: Need your honest opinion BEFORE I send the check ...

Posted by MJG On 2019/8/27 18:45:19

I can't speak to the volume of mirrors you expect to sell. Just a general observation- "BEFORE I send the check...I have sealed a deal." Unless you plan on never setting foot inside that bar again; I think you know what you need to do.
You aren't buying the whole business, so audited financial statements may be overkill, but I would have at minimum asked for some proof of cashflow over the last three years to assess the projection going forward. At that point take into consideration holding costs and decline in value due to aged inventory. I do applaud you for keeping something alive, I would be lying if I said I didn't open my wallet with my heart on occasion.